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1-bed · 731 sqftVida Residence Downtown, Downtown Dubai · 15th floor · completed 2018

1506, Vida Residence Downtown

Sold prices and rental history: sold twice, last in May 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 26 May 2022
Last soldAED 1.69M26 May 2022
Current rentAED 86K /yr9 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1506, Vida Residence Downtown

What is 1506 worth today?

Last sold for AED 1,690,000 in 2022

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26 May 2022SoldReady
AED 1,690,000AED 2,310 per sqft
9 Dec 2020RentedNew contract
AED 86,000/yr12 months · AED 117 per sqft
17 Oct 2019RentedNew contract
AED 95,000/yr12 months · AED 130 per sqft
26 Mar 2014Sold by developerOff-plan
AED 1,702,888AED 2,328 per sqft

Source: Dubai Land Department. Updated 26 May 2022.

Key facts

Type
1-bed hotel apartment
Size
731 sqft
Floor
15th of 58
Parking
B3-127
Developer
Emaar
Completed
2018
Last sold
AED 1.69M · May 2022
Building
Vida Residence Downtown

About 1506, Vida Residence Downtown

1506 is a one-bedroom hotel apartment of 731 sqft on the 15th floor of Vida Residence Downtown, a 58-storey tower in Downtown Dubai completed in 2018 by Emaar. It last sold on 26 May 2022 for AED 1,690,000, or AED 2,310 per sqft, 16% above the AED 1,997 one-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 9 December 2020, is AED 86,000 a year: a gross yield of 5.1% on the 2022 price.

Sales and rents for 1506 over time

Sales
Unit 1506, each saleTypical one-bed in Vida Residence Downtown
1.5M2M2.5M2014201820222026Typical sale price by year: 2014 AED 1,680,888; 2015 AED 1,715,446; 2016 AED 1,611,733; 2017 AED 1,732,888; 2019 AED 1,325,000; 2020 AED 1,350,000; 2021 AED 1,500,000; 2022 AED 1,690,000; 2023 AED 2,200,000; 2024 AED 2,280,000; 2025 AED 2,380,000; 2026 AED 2,100,000Sold by developer, March 2014: AED 1,702,888 (AED 2,328 per sqft)Sold, May 2022: AED 1,690,000 (AED 2,310 per sqft)

1506 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1506, each contractTypical one-bed in Vida Residence Downtown
100K150K20192021202320252027Typical rent by year: 2019 AED 95,000; 2020 AED 90,000; 2021 AED 115,000; 2022 AED 135,000; 2023 AED 160,000; 2024 AED 150,000; 2025 AED 150,000; 2026 AED 127,571New contract, October 2019: AED 95,000 a yearNew contract, December 2020: AED 86,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Vida Residence Downtown, and where 1506 sits

All 100 1-beds →

1506 last sold in May 2022 at AED 2,310 per sqft, 16% above what one-beds in Vida Residence Downtown were fetching at the time (AED 1,997). Over the last 12 months one-beds sold for AED 1,600,000 to 2,400,000, around AED 2,918 per sqft, and rent for AED 93,000 to 185,000 a year. 1506's AED 86,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Oct 20262,100,000
24 Sep 20262,100,000
3 Jun 20262,100,000
30 Mar 20262,400,000
8 1-bed sales in the last 12 months

Vida Residence Downtown

Building

343 apartments, 1-bed to 5-bed over 58 floors in Downtown Dubai, completed in 2018 by Emaar. 34 sold in the last 12 months.

Typical price per sqft
AED 3,198 Up 2.1%
Typical sale
AED 4.6M
Typical rent
AED 200K /yr
Typical yield
5.4%
Vida Residence Downtown, Downtown Dubai: prices, sales and rents →

Other units on the 15th floor

All 343 units in Vida Residence Downtown
Value
15012-bedAED 2M · Mar 2019
15023-bedAED 5.88M · Oct 2014
15032-bedAED 4.5M · Jul 2026
15042-bedAED 4M · Feb 2023
15051-bedAED 1.75M · Jun 2022
15071-bedAED 2M · Sep 2022
15082-bedAED 2.53M · Dec 2020

1506, Vida Residence Downtown in numbers

  • Sold twice: first on 26 March 2014 for AED 1,702,888, last on 26 May 2022 for AED 1,690,000 (AED 2,310 per sqft).
  • Rented since October 2019 on 2 Ejari contracts, from AED 95,000 to AED 86,000 a year.
  • At AED 86,000 a year the gross yield on the 2022 price is 5.1%.
  • One-beds in Vida Residence Downtown sold for AED 1,600,000–2,400,000 in the 12 months to November 2026; the building's median across all types is AED 3,198 per sqft.

Source: Dubai Land Department. Updated 26 May 2022.

Questions about 1506, Vida Residence Downtown

What did unit 1506 last sell for?

AED 1,690,000 on 26 May 2022: AED 2,310 per sqft for 731 sqft. The unit has 2 registered sales; the first was AED 1,702,888 in March 2014.

What is the rent for unit 1506?

AED 86,000 a year on the contract signed on 9 December 2020. The previous contract, from October 2019, was AED 95,000.

How big is unit 1506?

731 sqft (67.9 sqm): a one-bedroom hotel apartment on the 15th floor of a 58-storey tower completed in 2018.

What is unit 1506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Vida Residence Downtown sold for AED 1,600,000 to 2,400,000 in the last 12 months, around AED 2,918 per sqft.

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Mortgage on 1506, Vida Residence Downtown

Starts from the last sale price (AED 1.69M, 26 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,690,000
Deposit, UAE resident (20%)
AED 338,000
Deposit, non-resident (40%)
AED 676,000
Monthly over 25 years at 3.7%
AED 6,914

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →